Rule 8: Break free from the herd
When the stock market crashed a few years ago, too many people freaked out and sold their investments.
You
know what? Those people took a bad situation and made it even worse.
Many sold their investments right when the market was bottoming out and
then they missed the rebound.
The
people who are going to retire rich are those who snatched up stocks at
bargain-basement prices in 2009 and then saw their value climb by
double digits in the following years. Same thing goes with the housing
market. When the bubble burst, the smart people were the ones who were
buying houses, not selling.
It’s
easy to follow the herd, but if you want to be rich, you need to keep a
cool head and make rational money decisions even in the midst of a
crisis. (http://finance.yahoo.com/news/10-golden-rules-retiring-rich-160040271.html)
Something we've learned here at Epiphany Essentials is many a millionaire has been created in tough financial times. Birds flock, eagles soar. If the masses are doing it, you probably shouldn't be!
Be blessed and be a blessing.
Namaste, Peace, Love, Joy, Abundance, Health and Vitality to ALL
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